When it comes to Coinbase, there are two different types of accounts that investors can create – a Coinbase account and a Coinbase Pro account. So, is there a difference between the two and which one should you use? Let’s take a closer look.
A Coinbase account is considered to be a beginner’s account. It is very user-friendly and investors can buy, sell, and store their cryptocurrencies on the Coinbase platform.
One of the main advantages of using a Coinbase account is that it is insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000.
A Coinbase Pro account is geared more towards experienced traders and investors. It offers more advanced features such as margin trading, limit and stop orders, and candlestick charts. Coinbase Pro also has lower fees than Coinbase (0.
5% versus 1.49% for taker trades).
So, which one should you use – a Coinbase account or a Coinbase Pro account? If you are new to investing in cryptocurrencies, then a Coinbase account would be a good choice for you. However, if you are more experienced and are looking for advanced features and lower fees, then you may want to consider opening a Coinbase Pro account.